Claims
Risk managers are accustomed to taking steps to protect their businesses from fires and floods, but are beginning to consider other, less tangible risks, A.M. Best reportsIn addition to traditional risks, risk managers are focusing on their companys economic, social and environmental impacts, as well as changing government regulations worldwide, the ratings agency reported in […]
By Canadian Underwriter | May 3, 2007
2 min read
Home
Laval, Quebec police have broken up an alleged auto theft ring that may prove to be the biggest ever uncovered in Canada.Police estimate there are more than 700 fully assembled vehicles, plus 200 with parts removed on the 1,000-square foot lot of Recyclage dAuto Yasmine in Laval, reported the Montreal Gazette.An investigation by authorities was […]
1 min read
Industry
Industrial Alliance Insurance and Financial Services Inc. has reported an increase in net income of 20% for 2007 Q1, rising above its 2006 Q1 profit of Cdn$57.9 million.The company notes the increase is mainly attributed to an increase in growth over the first quarter, a decrease in tax charges due to a change in corporate […]
By Canadian Underwriter | May 2, 2007
Risk
Those who travel globally will be better covered thanks to a new comprehensive risk management package introduced by XN Financial. The new program can be customized to meet the needs of the traveller or travelers and is not limited to health care, preferred coverage, homeowners protection and concierge services. The vast majority of domestic insurance […]
Kingsway Financial Services Inc. (TSE:KFS, NYSE:KFS) has reported a 2007 Q1 profit of US$19.6 million, compared to US$28.9 million in 2006 Q1.The company’s combined ratio was 105% in 2007 Q1, compared to 96.2% in 2006 Q1.Changes in estimated unpaid claims for prior years at Lincoln General of US$47.5 million increased the combined ratio by 11.4%, […]
Crawford & Company (NYSE: CRDA; CRDB), an independent provider of claims management solutions to insurance companies and self-insured entities, announced a 2007 Q1 profit of US$3.3 million compared to net income of US$5.8 million for the 2006 first quarter. The company announced 2007 Q1 consolidated revenues (before reimbursements) totaling US$243.6 million compared to US$201.6 million […]
Janice Ochenkowski will be the new president of The Risk and Insurance Management Society Inc., beginning Sept. 1, 2007.RIMS made the announcement at the opening session of its annual conference exhibition, currently being held in New Orleans, L.A.Ochenkowski is the current vice president and director of RIMS and the managing director of Jones Lang LaSalle […]
By Canadian Underwriter | May 1, 2007
Commercial insurance pricing trends in 2007 Q1 seem to be in line with 2006 Q1, according to the RIMS Benchmark Survey in 2007.Directors and Officers (D&O) and workers compensation are both decreasing, proving to remain highly competitive, the survey notes. A year and a half after Hurricane Katrina, companies with properties in catastrophe-exposed regions are […]
Hub International Limited (NYSE: HBG) (TSX: HBG) reported strong growth in revenue and profits for 2007 Q1 despite an environment of falling rates.Overall, Hubs 2007 Q1 revenue of US$171.8 million represented a US$37.7 million (or 28%) increase over its 2006 Q1 revenue of US$134.1 million.In 2007 Q1, quarterly total revenue growth of 28% included organic […]
Theres a growing disconnect between risk and mitigation, and bold action must be taken to address it, a Swiss Re executive member told a panel discussion at RIMS 2007 in New Orleans.Agostino Galvagni, a member of Swiss Res executive board and head of the companys global and large risks division, outlined sponsorship of a report, […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
